On 11 October 2019, the International Corporate Governance Network (ICCN) launched a consultation on proposed revisions to its Global Stewardship Principles. The Global Stewardship Principles were first published in 2003 and provide a framework for investors to adhere to their fiduciary duties to clients and beneficiaries.
The latest version of the principles was revised in 2016, reflecting ICGN's views on what constitutes best practices in relation to investor stewardship obligations, policies and processes. The key changes now being proposed include a focus on systemic risks relevant to institutional investors, protecting voting rights against dual class shares and a greater focus on stewardship outcome versus inputs in stewardship reporting.
The ICCN's revised principles can be found here.
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